Richard D Wyckoff (1873-1934)Adjusting Richard Wyckoff Volume Spread Analysis to Trade the Forex Market

“Those who think they are studying the market, what all they are doing is studying what someone else has said.. and not what the market has said about itself”

Richard D Wyckoff (1873-1934) method was introduced via a popular newsletter he used to send to 200,000 subscribers in the 1920's 'The Magazine of Wall Street'. Richard Wyckoff's method is focused on:

  1. measuring accumulation/distribution

  2. defining price and volume correlation

Wyckoff believed that measuring supply and demand through price and volume is the key to predicting the future market movements. Wyckoff also argued that no trade position should be opened unless there is a predetermined exit strategy. The Richard Wyckoff method was originally introduced as a tool for analyzing and forecasting the stock market, but in this analysis, we are going to apply Wyckoff's wisdom on the Foreign Exchange trading.

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